The National Company Law Tribunal (NCLT) in Chennai has dismissed Jyoti Limited 's insolvency application against Marg Limited, rejecting the claim of a ₹22.67 crore operational debt.

The order, dated August 7, 2026, was uploaded to the NCLT website on August 28, 2026. Jyoti Limited had initiated the Corporate Insolvency Resolution Process (CIRP) under Section 9 of the Insolvency and Bankruptcy Code, 2016, filing petition no. CP(IB)/262(CHE)2022 on November 3, 2022.

Litigation Details

Jyoti Limited acted as the operational creditor in the dispute against Marg Limited, identified as the corporate debtor. The NCLT Division Bench-II in Chennai reviewed submissions from both parties over time before issuing the dismissal order.

Next Steps

Jyoti Limited stated it is taking appropriate steps to appeal the order before the appropriate authority. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, meeting materiality thresholds as per SEBI Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Jyoti Limited will hold its 82nd Annual General Meeting (AGM) on Thursday, September 24, 2026, at 11:00 am. The meeting will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM) in compliance with Ministry of Corporate Affairs and Securities and Exchange Board of India regulations.

The company informed shareholders that electronic copies of the AGM notice and the Annual Report for FY26 will be emailed to those who have registered their email addresses with the company or their Depository Participants. Physical copies of these documents will not be sent.

Shareholders holding shares in dematerialized mode but without registered email addresses are requested to update their details with their respective depository participants. Those holding physical shares are asked to demat their holdings or provide their contact information to the Registrar and Share Transfer Agent, M/s. MCS Share Transfer Agent Ltd.

Voting and Accessibility

Shareholders will have the opportunity to cast their votes remotely or during the meeting via an electronic voting system. Details regarding the voting process for different categories of shareholders will be provided in the formal notice to shareholders.

The AGM notice and the FY26 annual report will also be available on:

• The company’s website: www.jyoti.com
• The BSE website: www.bseindia.com
• The CDSL website: www.evotingindia.com

The intimation was issued under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and published in Indian Express and Financial Express on August 18, 2026.